Newsweek CEO Dev Pragad's Leadership Journey

Explore the remarkable journey of Newsweek CEO Dev Pragad, who transformed the iconic media brand into a digital powerhouse. This presentation covers Dev's early life, education, professional beginnings, strategic vision, and the significant milestones achieved under his leadership. Discover how strategic partnerships, digital innovation, and a strong leadership philosophy drove Newsweek’s growth, making it a case study in successful media turnaround. Ideal for business leaders, media professionals, and anyone interested in digital transformation and strategic leadership.

1. Mr Dev Pragad Architect of a Digital Transformation and Media Resurgence NEWSWEEK CEO

2. Early Life and Education Background: Dev Pragad was born and raised in the United Kingdom, where he developed an early interest in technology and media. Education: He earned a Bachelor's Degree in Engineering, specializing in Computer Science and Electronics, from King’s College London. He further pursued a Ph.D. in Mobile Internet from the same institution. Key Achievement: His academic journey laid a strong foundation in both technical and analytical skills, essential for his future roles.

3. Professional Beginnings Early Career: Dev began his career in various technology companies, where he honed his skills in digital transformation and media strategies . Key Roles: His roles included managing digital projects and leading teams to innovate in the tech space . Experience : This period was crucial in shaping his understanding of the digital media landscape and prepared him for future leadership roles.

4. Joining Newsweek Transition: In September 2018 , Dev Pragad relocated to New York to take on the role of President and CEO of Newsweek . Objective : His primary goal was to revitalize the struggling media brand and steer it towards digital excellence . Dual Citizenship: Dev holds dual citizenship with the UK and the US, reflecting his deep ties to both markets.

5. Vision and Strategy Strategic Vision: Dev developed a three-part strategy focused on Purpose, Opportunity, and Change . Purpose : Emphasized the importance of having a clear mission to guide the organization . Opportunity : Identified and leveraged strategic partnerships to enhance Newsweek’s digital capabilities . Change : Fostered a culture of adaptability and innovation within the company. C Purpose Change Prospects

6. Achievements and Milestones User Growth: Under Dev’s leadership, Newsweek’s digital audience grew from 7 million to 100 million unique monthly users . Financial Turnaround: The company became debt-free and profitable, with projected revenue growth of 20-30 %. Recognition : This transformation is highlighted in a Harvard University case study, marking Newsweek’s largest audience in its history.

7. Digital Transformation Partnerships: Collaborated with top-tier companies like Google, Engine Media, and Statista . AI Recommendation Engine: Developed with Google Cloud, leading to personalized content and increased engagement . OKR Framework: Introduced an Objective and Key Results framework to set ambitious, measurable goals . Impact : These initiatives significantly improved user experience and operational efficiency.

8. Global Reach Print Edition: Newsweek’s print edition is now available in 68 countries and territories . Digital Platform: The website, newsweek.com, offers round-the-clock coverage of global events . Impact : This global reach has solidified Newsweek’s position as a leading international news source.

9. Recognition and Awards Harvard Case Study : Harvard University published a case study on Newsweek’s turnaround under Dev’s leadership . Awards : Recognized for strategic leadership, innovation, and significant contributions to the media industry . Acclaim : Dev’s efforts have earned accolades from various industry bodies and peers.

10. Leadership Philosophy Values: Dev emphasizes integrity, innovation, ambition, and equality as core values . Inspiration : Draws inspiration from leaders like Microsoft CEO Satya Nadella, particularly in instilling values across an organization . Approach : Believes in transparent, data-driven decision-making and fostering a culture of continuous improvement.

11. Personal Life Community Involvement: Member of The Prince’s Trust Advisory Board, supporting vulnerable youth . Academia : Fellow of King’s College London, maintaining strong ties with his alma mater . Balance : Successfully balances professional commitments with personal interests and community service.

12. Future Vision Growth Focus: Aims to continue expanding Newsweek’s influence and audience . Impact Journalism: Plans to invest strategically in impact journalism and enhance brand loyalty . Vision : Envisions Newsweek playing a positive, vital role in public culture and discourse.

13. Conclusion Summary: Recap of Dev Pragad’s transformative impact on Newsweek . Leadership : Emphasis on his innovative strategies and leadership qualities . Future : Outlook for continued success and influence in the digital media landscape.

14. Thank You